{"id":137918,"date":"2023-06-24T14:20:38","date_gmt":"2023-06-24T07:20:38","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-how-to-cope-as-uk-interest-rates-hit-the-roof\/"},"modified":"2023-06-24T14:38:45","modified_gmt":"2023-06-24T07:38:45","slug":"mortgages-how-to-cope-as-uk-interest-rates-hit-the-roof","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-how-to-cope-as-uk-interest-rates-hit-the-roof\/","title":{"rendered":"Mortgages: how to cope as UK interest rates hit the roof"},"content":{"rendered":"


\nOptions for homeowners and first-time buyers as they face maelstrom in marketFor Britons buying their first home or chasing a new deal the maelstrom in the mortgage market is the stuff of nightmares, with products being pulled right, left and centre, and no end in sight as the Bank of England raises interest rates yet again.As the consumer champion Martin Lewis put it this week: the mortgage \u201cticking timebomb\u201d has \u201cexploded\u201d, with homeowners, already hobbled by the cost of living crisis, now racing to replace low-cost deals that are expiring. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Mortgages: how to cope as UK interest rates hit the roof<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Options for homeowners and first-time buyers as they face maelstrom in marketFor Britons buying their...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-137918","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zSu","jetpack-related-posts":[{"id":146618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lenders-slash-mortgages-as-bank-of-england-rate-cut-brings-relief-to-homeowners\/","url_meta":{"origin":137918,"position":0},"title":"UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners","date":"August 2, 2024","format":false,"excerpt":"\r UK lenders have begun slashing their mortgage rates in a sign that financial pressure on households may be easing after the Bank of England cut interest rates\r \r Source : cnbc.com\r Read more...UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140677,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-if-your-mortgage-costs-will-rise-soon-how-are-you-preparing\/","url_meta":{"origin":137918,"position":1},"title":"UK homeowners: if your mortgage costs will rise soon, how are you preparing?","date":"December 12, 2023","format":false,"excerpt":"\r We\u2019d like to hear from people in the UK whose mortgage rates will rise next year, and what they are doing to be able to afford the extra costsThe Bank of England governor, Andrew Bailey, warned repeatedly this week against speculation that the base interest rate of currently 5.25%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138614,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-a-bloodbath-the-uk-homeowners-on-variable-mortgages-fearing-another-rate-rise\/","url_meta":{"origin":137918,"position":2},"title":"\u2018It\u2019s a bloodbath\u2019: the UK homeowners on variable mortgages fearing another rate rise","date":"August 3, 2023","format":false,"excerpt":"\r With the cost of borrowing likely to rise again, we speak to some of the 1.4m people on variable rates dreading the latest decisionBank of England poised to raise UK interest rates to 5.25%\u201cIt\u2019s a bloodbath, that\u2019s the way I\u2019d like to describe it,\u201d says John*, a father of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137485,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-is-ruining-peoples-lives-homeowners-hit-by-uk-mortgage-crisis-speak-out\/","url_meta":{"origin":137918,"position":3},"title":"\u2018This is ruining people\u2019s lives\u2019: homeowners hit by UK mortgage crisis speak out","date":"June 22, 2023","format":false,"excerpt":"\r Borrowers with expiring fixed-rate or tracker mortgages face difficulties, with some saying they will be forced to sell their homesFor Steven, a media consultant from Guildford, and his wife, the remortgaging nightmare is only beginning. \u201cPeople like me can\u2019t sleep at night \u2013 it\u2019s horrendous,\u201d he says. \u201cThe mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138289,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-to-cost-1m-borrowers-extra-500-a-month-by-2026-bank-warns\/","url_meta":{"origin":137918,"position":4},"title":"Mortgages to cost 1m borrowers extra \u00a3500 a month by 2026, Bank warns","date":"July 12, 2023","format":false,"excerpt":"\r Bank of England says millions of homeowners will be paying up to \u00a3220 more per month by end of yearNearly 1 million UK homeowners will be forced to shell out at least \u00a3500 more a month to cover mortgage payments by the end of 2026, as borrowers suffer the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137131,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-and-first-time-buyers-warned-to-brace-for-5-plus-mortgage-rates\/","url_meta":{"origin":137918,"position":5},"title":"UK homeowners and first-time buyers warned to brace for 5%-plus mortgage rates","date":"May 25, 2023","format":false,"excerpt":"\r Lenders forced to raise fixed-term deals after latest inflation figure pushed swap rates upwardsHouseholds looking for a new mortgage deal have been warned to expect 5%-plus fixed-rate deals in the coming weeks, after Wednesday\u2019s inflation figures sent the money markets back into turmoil.Nick Mendes, mortgage technical manager at brokers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137918"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=137918"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137918\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=137918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=137918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=137918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}